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    Property profile & analytics

    24 Main St London, OH 43140

    • Office buildings
    • 3,089 SF
    • 0.07 lot acres
    For Sale
    View listing
    $400,000
    Value Estimation
    Last Sale
    Sep 25, 2023
    $172,500
    Location Intelligence
    Property ID
    US66-1824570
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Relevant Co / Art Gallery
    • Cultiva / Corporate Office

    Property Details for 24 Main St

    Year built
    1920
    Lot size
    0.07 lot acres
    Property size
    3,089 SF
    Property type
    Office buildings
    APN
    31-01470.000
    APU
    3101470000

    Description

    This 3,089 square foot retail storefront at 24 S Main Street, London, OH, presents a unique investment or owner-user opportunity. Situated in London's revitalized historic district, this property benefits from significant recent downtown redevelopment, including renovated apartments and new storefronts. The building boasts hardwood floors throughout, abundant natural light from skylights and large storefront windows, and ample street parking. A complete renovation in 2012 included a gutting and remodel, enhancing its modern appeal. Furthermore, the roof and furnace were replaced within the last decade, ensuring low maintenance costs. Interior features include a built-in sound system, ceiling fans throughout, and a security system. The 0.07-acre lot provides convenient access. With a projected capitalization rate exceeding 7%, this property offers strong potential for a positive return on investment. Its prime location within a thriving downtown area makes it ideal for a variety of retail businesses. The asking price is $400,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $175,000
      6.5%
      $185,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $195,000
      Mixed-Use
      $200,000
      Hospitality
      $170,000
      Educational
      $150,000
      Residential Income
      $180,000
      Energy
      $160,000
      Income-Based Land
      $155,000
      Food Service
      $145,000

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Madison
    State
    Ohio
    Longitude
    -83.4476
    Latitude
    39.886
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $850
    $4,360
    $15,290
    $19,650
    -
    $12,460
    $43,690
    $56,150

    Comparable in this City

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      0.05 Acres

      50 State Rte 56

      OFFICE BUILDING • 0.05 Acres
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    • Value Estimation by Request
      1,964 SF

      255 High St

      OFFICE BUILDING • 1,964 SF
      255 High St, London, OH 43140-1356
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      194 Elm St

      OFFICE BUILDING • 2,184 SF
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      View Details
    • Value Estimation
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      2,455 SF

      66 High St

      OFFICE BUILDING • 2,455 SF
      66 High St, London, OH 43140-2029
      View Details
    • Value Estimation
      $275,000
      4,623 SF

      391 Lafayette St

      OFFICE BUILDING • 4,623 SF
      391 Lafayette St, London, OH 43140-9326
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Office space available for sale in London, OH.
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      Prime London, OH Commercial Land

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    Similar Nearby for Lease

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      Eagleton Center Office Space Available

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      Affordable office and meeting space for service-based businesses.
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      High-traffic retail space available in London, OH
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      Warehouse and Retail Spaces Available

      Warehouse and retail spaces for lease in London, OH.
      235 Lafayette St, London, OH 43140
      View Details
    • Contact for pricing
      3,200 SF

      Warehouse Space For Lease

      2,666 SF warehouse space available for lease.
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      View Details
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    24 Main St
    London, OH 43140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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